New York, Jan. 10 – JPMorgan Chase Financial Co. LLC priced $2 million of autocallable yield notes due May 7, 2026 linked to the SPDR S&P Retail ETF and the Utilities Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9%, paid monthly.
The securities will be called automatically at par if each ETF closes at or above its initial level on any annual determination date.
If the worst performing ETF ends above its 60% downside threshold the payout at maturity will be par plus the coupon. Otherwise, investors will lose 1% for every 1% that the worst performing ETF declines.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable yield notes
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| Underlying ETFs: | SPDR S&P Retail ETF and Utilities Select Sector SPDR Fund
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| Amount: | $2,001,000
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| Maturity: | May 7, 2026
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| Coupon: | 9%, paid monthly
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| Price: | Par
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| Payout at maturity: | If worst performing ETF finishes at or above its downside threshold level, par; otherwise, 1% loss for every 1% that worst performing ETF declines from initial level
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| Call: | Automatically at par if each ETF closes at or above its initial level on any annual determination date
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| Initial levels: | $69.65 for SPDR S&P Retail ETF, $64.49 for Utilities Select Sector SPDR Fund
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| Downside thresholds: | $41.79 for SPDR S&P Retail ETF, $38.694 for Utilities Select Sector SPDR Fund, 60% of initial levels
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| Strike date: | Jan. 3
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| Pricing date: | Jan. 4
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| Settlement date: | Jan. 9
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.47%
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| Cusip: | 48134TB60
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